#MileiMemeCoinControversy A meme coin is a cryptocurrency created based on internet memes or jokes, usually without a strong fundamental basis. They often gain attention through hype, community support, or celebrity endorsements.
Examples:
• Dogecoin (DOGE) is the first and most famous meme coin, based on a Shiba Inu dog meme.
• Shiba Inu (SHIB) is a “Dogecoin killer” that gained popularity through hype.
• Pepe (PEPE), Floki (FLOKI), and others are created based on popular memes and trends.
Meme coins can rise in value quickly, but they can also fall just as quickly due to speculation and low real-world utility.